market reforms
Free-market policy shifts
Market reforms are changes to economic policy that reduce government control and increase the role of private enterprise and competition.
The term typically describes moves toward capitalism: privatizing state-owned industries, deregulating prices, opening markets to foreign trade and investment.
China's market reforms transformed its economy.
The phrase often implies a shift away from socialist or centrally planned systems.
- liberalizationReducing state economic controls
- shock therapyElectric psychiatric treatment
- antitrust lawsRegulations preventing corporate monopolies
- level playing fieldEqual competitive conditions
- privatizationState sells public assets
deregulation · trade agreements · corporate governance · red tape · consumer protection · financial regulation · tariff reductions · labor laws · wage adjustments · fiscal policy · monetary policy · social safety nets · environmental standards · income redistribution · invisible hand · supply and demand · migration policies · infrastructure development
- communismMarx, Marxism, Leninism, Lenin, proletariat
- modern economicsGDP, GDP growth, recession, inflation, interest rates
- free marketsfree enterprise, free trade, laissez-faire, capitalism, privatization
- Soviet collapseGorbachev, glasnost, perestroika, USSR, Soviet Union
- Chilean Economypeso, copper mining, GDP, economic growth, GDP growth
- Post-Communismpostcommunism, Soviet collapse, Berlin Wall fall, democratization, shock therapy
market reformscentral planning
Government directs all production
nationalization · state control · command economy · collectivization · protectionism
market reformsrenationalization
Restoring government ownership
policy reversal · rollback · backsliding · status quo · economic stagnation
market, markets, marketed, marketing, marketer, marketers, marketplace, marketable, unmarketable